How To Accept Payments as a Freelancer

In the modern digital age, freelancing has become a successful and attractive career path for many. The freedom and flexibility it offers have lured many from diverse backgrounds into the world of working independently without a fuss. However, one of the most critical aspects of freelancing is ensuring a steady stream of income. 

As important as maintaining a steady stream of income is for freelancers, choosing the right payment method is also crucial for freelancers so you don’t miss out on getting paid for what you love. From understanding payment methods to navigating how we will cover everything you need to know to accept payments as a freelancer efficiently and securely. Whether you're a seasoned freelancer or just starting out, this guide will equip you with the knowledge to maximize your earnings and build a sustainable freelance business. 

So, let's dive in together and discover the best practices for accepting payments as a successful freelancer.

Bitnob: A medium to Accepting Payments as a Freelancer
 

Indeed, freelancers are constantly exploring innovative ways to accept payments, and this is why it’s important to use a trusted and reliable platform to accept payments as freelancers. The Bitnob App is one of such. Bitnob is a mobile App that offers a variety of financial services. Bitnob can be used to send money and receive money across 9 African countries. Make unlimited payments online. Buy, sell, and invest in Bitcoin through dollar cost averaging. 

The Bitnob App has several payment methods but as a freelancer, the most common way to accept payments is Bitcoin Transactions.

How to Accept Bitcoin Payments as a Freelancer

Two ways to accept Bitcoin as a payment method as a freelancer on Bitnob are via Lightning and on-chain [external wallet]. Lightning Network is a second-layer scaling solution for Bitcoin that facilitates faster and cheaper transactions. With Bitnob's Lightning integration, you can enjoy the benefits of near-instant payments and reduced transaction fees.

To receive Bitcoin via the lightning network on Bitnob, follow the steps below -

• Tap the “Actions” tab at the bottom of your home page
• The app actions will pop up on your screen
• Tap "Receive"
• Tap "Receive via Lightning"
• Input the transaction details, and complete it with a description
• Tap "Create Invoice"
• Tap the green squares to copy the Lightning Invoice or Tap "Share" to send the Lightning Invoice directly

Onchain transactions, on the other hand, involve direct transfers on the Bitcoin blockchain. Your customer might not be used to the Lightning Network. To accept Bitcoin payments, you need to create a Bitnob account, as you will be automatically provided with both a USD wallet and a BTC wallet. Here is a quick step-by-step guide on how to receive BTC via onchain.

• Tap “Actions” at the bottom of your app's home page
• Tap "Accounts"
• Swipe left to your BTC Wallet
• Tap “Receive”
• Tap “Receive Onchain”
• Copy and share the generated BTC wallet address.

Benefits of Accepting Bitcoin Payments as a Freelancer

Faster Transactions

Bitcoin transactions can be processed much faster than traditional bank transfers, especially for cross-border payments. This can improve customer satisfaction and expedite business operations as a freelancer. 

Global Reach

Bitcoin operates on a global network, allowing freelancers to reach employers worldwide without the need for complex international payment setups. This can expand their market reach and increase sales for them. 

Security

Bitcoin's blockchain technology is highly secure, making it difficult for hackers to tamper with transactions or counterfeit currency. This can enhance customer trust and reduce the risk of fraud.

Resistance to Censorship

Bitcoin is decentralized, meaning any single entity does not control it. This makes it resistant to censorship or government intervention, ensuring that businesses can conduct transactions freely.

More With Bitnob?

Bitnob is a simple app that gives you the easiest way to send, receive, and save your money, so there’s always more that can be done on the Bitnob App. Send and receive money within African countries and globally, make unlimited online payments using the Bitnob virtual dollar card, buy and sell Bitcoin easily, etc.  

With Bitnob, receiving Bitcoin is easy and convenient, plus you get to enjoy other features of the App. So wait no more! Download the Bitnob App for your international money transfers today!